Lamb Weston (NYSE:LW) Releases Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Lamb Weston (NYSE:LW) issued its quarterly earnings results on Thursday. The specialty retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.23, Briefing.com reports. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Lamb Weston updated its FY25 guidance to $3.05-3.20 EPS and its FY 2025 guidance to 3.050-3.200 EPS.

Lamb Weston Stock Up 9.9 %

NYSE:LW traded up $5.35 on Thursday, hitting $59.50. The stock had a trading volume of 10,397,053 shares, compared to its average volume of 2,843,088. The company has a market cap of $8.49 billion, a PE ratio of 23.52, a P/E/G ratio of 1.40 and a beta of 0.48. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $103.49. The business’s fifty day moving average is $55.27 and its 200 day moving average is $65.65.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.49%. Lamb Weston’s payout ratio is 58.50%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LW shares. JPMorgan Chase & Co. increased their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $90.00 to $68.00 in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. StockNews.com raised Lamb Weston to a “sell” rating in a report on Monday, February 24th. Finally, Jefferies Financial Group increased their price objective on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.55.

Insider Buying and Selling at Lamb Weston

In related news, Director Robert A. Niblock purchased 3,000 shares of Lamb Weston stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the transaction, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.